NEW JUBILEE INSURANCE CO. LTD. versus NATIONAL BANK OF PAKISTAN
Section 44 Exclusion of Insurance Company from the List of Insurance Companies by the Bank = The legality insurance company had no right under the law to retain its name in the list approved by the bank; He was not entitled. No relief shall be granted to the insurance company for any relief of Section 44A, Insurance Act, 1938, so that its name shall be on the approved list of insurance companies.
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